Hurry! Rescue your credit card: Hurricane money tips
With the June 1 arrival of hurricane season, media outlets
are full of advice for protecting your physical belongings. While those steps
are crucial, money experts also remind people in hurricane-prone zones to take
a few minutes to prepare their fiscal assets, too.
According to the National Oceanic and Atmospheric
Administration, this hurricane season is predicted to be relatively mild. The
NOAA's Climate Prediction Center says only four to eight of the named storms
this season will be strong enough to form a hurricane -- where the average is
six. However, according to NOAA Administrator Jane Lubchenco, that is not an
invitation to sit idly by.
"NOAA's outlook predicts a less active season compared
to recent years," says Lubchenco. "But regardless of the outlook,
it's vital for anyone living or vacationing in hurricane-prone locations to be
Preparedness comes in many forms -- one of the most vital
being financial preparedness. This is why a number of organizations have
compiled lists of tips and advice to prepare for disaster, including a release
from PNC Bank, that if disaster does strike, the road to recovery will be a bit
Here are some of the tips:
with you -- In an electricity outage, ATMs won't be working and it's a good
idea to have an emergency cash fund.
copies of and floodproof important
documents -- You'll need to have copies in a safe place if originals are
destroyed. Consider a safe deposit box.
for mobile banking -- Your cellphone may become your only way to access
important accounts, such as your bank account.
See related: Pre-disaster financial preparedness checklist
Published: May 31, 2012